Tianjin Port Development (3382) investor relations material

Executive summary

• Revenue from continuing operations rose 14.5% year-over-year to HK$6,321 million in 1H2026, with profit attributable to shareholders up 35.0% to HK$467 million and basic EPS at HK7.6 cents.

• Total cargo throughput reached 234 million tonnes, up 2.1%, and container throughput rose 5.8% to 11.21 million TEUs.

• Gross profit margin improved to 37.8%, with gross profit from continuing operations at HK$2,388 million.

• No interim dividend was declared for the period.

Financial highlights

• Net cash inflow from operating activities increased to HK$1,443 million.

• Total assets rose to HK$43,247 million as of June 30, 2026; total borrowings decreased to HK$4,320 million.

• Gearing ratio improved to 12.9% from 14.0% at year-end 2025.

• Current ratio remained stable at 1.6.

• Net assets per share increased to HK$2.5.

Outlook and guidance

• Global economic growth is expected to slow further in the second half of 2026 due to persistent geopolitical and trade headwinds.

• The group aims to enhance operational efficiency, pursue smart and green port upgrades, and strengthen risk management.